Armenia aims to connect itself with both EEU, EU, Arab, Asian and other markets by "numerous threads" - Papoyan

YEREVAN, March 17. /ARKA/. Armenia seeks to connect its economy with the Eurasian Economic Union (EEU) market as well as the EU, Arab, Asian and other markets with as many threads as possible, Minister of Economy Gevorg Papoyan said.

"Diversification of the Armenian economy does not imply anything against the EEU. We do not want to replace dependence on one market with dependence on another market, either in terms of imports or exports," Papoyan noted at the session of the parliamentary committee on regional and Eurasian integration on Monday.

In this regard, he said Armenia is advancing the agenda that exists in reality and envisages "establishing as close economic relations as possible with all potentially possible markets."

He said he will visit Russia in the coming days to discuss a broad agenda, which envisages an even greater development of Armenia's trade and economic relations.

'After that, I plan to visit the UAE, then Japan to participate in the World Expo-2025 in Osaka," Papoyan said.

About Armenia and EAEU

Earlier the Armenian Prime Minister said that Armenia has no plans to break economic ties and does not set the task of reducing the trade turnover with the EEU and Russia. According to him, Armenia is on the way to diversify its economy and wants to increase trade turnover with the European Union as well.-0-